NU, the native token of the NuCypher decentralized data sharing platform, has seen a significant price increase of around 1000 percent in the last day, reaching an all-time high of $3.58.
The uptick occurs exactly one year after the platform’s launch. The Ethereum blockchain serves as the foundation for Nucypher. It provides a framework for privacy on the decentralized web.
The announcement of a listing by crypto exchange Upbit, as well as a partnership with the Keep Network, which is also a privacy layer, are two of the reasons for the surge. NuCyopher has announced that it will soon collaborate with the Keep project to launch the Threshold Network and tBTC v2.
One year ago today the NuCypher network launched.Since then, thousands of stakers and dozens of dapp developers have discovered threshold cryptography.And soon, the true era of threshold cryptography, as we join with @keep_project to launch Threshold Network and tBTC v2.— NuCypher (@NuCypher) October 15, 2021
The platforms provide a bridge between Bitcoin and DeFi via tBTC v2, while Threshold Network presents information security techniques.
Morgan Stanley, who previously worked as an investment banking analyst at Morgan Stanley, and the CEO of the decentralized exchange platform Curve are the network’s founders.